According to a recent report U.S crypto payment network Flexa now supports the use of Litecoin (LTC) at every designated merchant in the United States.
Flexa Merging Blockchain Tech With Retail
In its bid to merge retail and blockchain technologies, payment network Flexa has announced that Litecoin (LTC) will be the fifth digital assets to be supported by traders on the network and since the Flexa network was established in May, it will also be the first token to be added to it.
The creator of Litecoin Charlie Lee who announced the partnership at the Asia Blockchain Summit which took place in Taipei said that:
“I’m excited to see Flexa help push mainstream adoption of Litecoin payments,”
“Being able to pay with LTC at all these new major merchants is great for the entire Litecoin community,” he added.
Flexa’s SPEDN app is the first managed wallet to allow customers to make payments on the Flexa network. It is presently available on iOS but will launch an Android beta on the 9th of July.
The app allows instant digital currency payments in stores and online for many retail merchants. These payments can be made using Bitcoin Cash, Ether, Bitcoin, and for customers who have the new SPEDN mobile wallet app, the Gemini dollar.
To spend digital currency on Flexa, consumers send bitcoin or other supported digital assets to the secure SPEDN wallet and scan the app’s barcode at the register, just like other forms of digital payment.
Co-Founder and CEO of Flex, Tyler Spalding said that:
“This is the first real instance of decentralized global retail payments, with the power to make commerce more efficient and accessible for billions of citizens globally. The legacy payment systems are complicated and costly. This solution provides a way for cryptocurrencies to solve these problems and allow merchants to conduct inexpensive and fraud-resistant transactions.”
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